Middle East & Africa Data Diode Security Products Market is expected to reach US$ 43.91 million by 2027

Ruggedized Data Diode Segment is Expected to be Fastest Growing During the Forecast Period for Europe Region

According to The Insight Partners market research study on “MEA Data Diode Security Products Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 136.73 million by 2027 from US$ 110.45 million in 2019. The market is estimated to grow at a CAGR of 4.3% from 2020 to 2027. The report provides trends prevailing in the MEA data diode security products market along with the drivers and restraints pertaining to the market growth. Soaring interest for miniaturized data diodes among various industries is the major factor driving the growth of the MEA data diode security products market. However, constraints linked with TCP/IP hinders the growth of MEA data diode security products market.

The MEA market for data diode security products is segmented into type, application, and country. Based on type, the MEA market is segmented into non-ruggedized data diode and ruggedized data diode. In 2019, the non-ruggedized data diode segment held the largest share of MEA data diode security products market. Based on application, the MEA data diode security products market is divided into government, oil and gas, BFSI, and others. Government segment is expected to be the fastest growing segment over the forecast period.

The ongoing COVID-19 pandemic is adversely affecting the economies across the MEA. Iran, Saudi Arabia, Qatar, South Africa, and the UAE have high number of the COVID-19 cases and deaths. The economic and industrial growth of these countries has been affected negatively in the past few months. Economies in the region, such as the UAE, South Africa and Saudi Arabia are prospective markets for data diode security products owing to the huge presence of diverse customer base for electronics and semiconductor industries. With the adverse effects of the COVID-19 pandemic, the region is anticipated to witness the pressure on economies of various oil-based countries due to falling oil prices. In addition, the factory lockdowns, business shutdowns, and travel restrictions are aggravating the economic problems of the countries in the MEA. Hence, the growth of the MEA data diode security products market has been declined in 2020, and it is expected to continue in 2021.

BAE Systems, Belden Inc., Fibersystem AB, Forcepoint, Fox-IT Holding B.V., Rohde & Schwarz GmbH & Co., VADO Security Technologies Ltd. are among the leading companies in the MEA data diode security products market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Fox-IT and Anomali came together with the focus of supporting BFSI institutions to fight cybercrime. The partnership between these 2 companies involves access to unique threat intelligence supplied by the Fox-IT inTELL team to the Anomali platform.

MEA Data Diode Security Products Market, By Country, 2019 and 2027 (%)

---

Middle East & Africa Data Diode Security Products Market to Grow at a CAGR of 5.4% to reach US$ 43.91 Million from 2020 to 2027

Download Free Sample

---

Middle East & Africa Data Diode Security Products Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Non-Ruggedized Data Diode and Ruggedized Data Diode), and Application (Government, Oil & Gas, BFSI, and Others)

The report segments the MEA Data Diode Security Products Market follows:

MEA Data Diode Security Products Market – By Type

• Non-Ruggedized Data Diode
• Ruggedized Data Diode

MEA Data Diode Security Products Market – By Application

• Government
• Oil & Gas
•  BFSI
• Others

MEA Data Diode Security Products Market – By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA